Exchange Traded Concepts LLC Acquires 16,012 Shares of Archer Daniels Midland Company $ADM

Key Points

• Exchange Traded Concepts LLC increased its position in Archer Daniels Midland Company (NYSE: ADM) by 60.6% in Q2, owning 42,413 shares worth $2.24 million after acquiring 16,012 shares.
• Archer Daniels Midland reported $0.93 EPS for the latest quarter, surpassing estimates, although its revenue fell 4.9% year-over-year, totaling $21.17 billion.
• The company declared a quarterly dividend of $0.51 per share, resulting in an annual dividend of $2.04 and a yield of 3.3%, with an extremely high dividend payout ratio of 89.87%.

Exchange Traded Concepts LLC increased its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 60.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,413 shares of the company's stock after buying an additional 16,012 shares during the quarter. Exchange Traded Concepts LLC's holdings in Archer Daniels Midland were worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. S.A. Mason LLC acquired a new stake in Archer Daniels Midland during the first quarter worth about $25,000. Headlands Technologies LLC bought a new position in Archer Daniels Midland during the first quarter valued at about $25,000. ORG Partners LLC lifted its holdings in Archer Daniels Midland by 297.2% in the 1st quarter. ORG Partners LLC now owns 699 shares of the company's stock valued at $34,000 after acquiring an additional 523 shares during the last quarter. NBC Securities Inc. acquired a new position in Archer Daniels Midland in the first quarter worth approximately $37,000. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Archer Daniels Midland by 43.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 783 shares of the company's stock worth $38,000 after acquiring an additional 237 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADM. UBS Group reiterated a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a report on Wednesday, August 20th. They set a "neutral" rating and a $61.00 price target for the company. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Archer Daniels Midland presently has an average rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Stock Performance

ADM stock traded down $1.82 during mid-day trading on Monday, hitting $59.83. The company had a trading volume of 4,341,997 shares, compared to its average volume of 3,503,748. The stock's fifty day moving average price is $58.91 and its two-hundred day moving average price is $52.45. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.38. The firm has a market cap of $28.75 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 3.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. During the same period last year, the firm posted $1.03 EPS. Archer Daniels Midland's revenue for the quarter was down 4.9% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Archer Daniels Midland's payout ratio is currently 89.87%.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.